Microsoft plans to collaborate with the Indian space agency to give Indian space tech startups free access to cloud tools, the two said Thursday, the latest in the U.S. tech giant’s attempts to deepen its ties with young firms in the South Asian market.
As part of a memorandum of understanding that Microsoft has signed with the Indian Space Research Organization, the firm will also provide space tech startups with go-to-market support and help them become enterprise ready, it said.
Startups handpicked by ISRO will be onboarded to Microsoft for Startups Founders Hub platform, where they will receive free access to several tools and resources. These tools include help with building and scaling on Azure, as well as GitHub Enterprise, Visual Studio Enterprise, Microsoft 365 and Power BI and Dynamics 365.
“ISRO’s collaboration with Microsoft will greatly benefit space tech startups in their analysis and processing of vast amounts of satellite data for various applications, using cutting-edge methods like AI, Machine Learning and Deep Learning,” said S Somanath, Chairman of ISRO, in a statement.
“The Microsoft for Startups Founders Hub is a useful platform for bringing together startups and providers of technology solutions to support the national space technology ecosystem. We are pleased to work together to assist and support entrepreneurs, to in turn benefit the Indian economy as a whole.”
Indian space tech startups are having a moment.
In June 2020, the Indian government passed the space sector reforms and established the Indian National Space Promotion and Authorization Center (IN-SPACe) to allow private companies to use ISRO’s infrastructure. The government also set up NewSpace India Limited (NSIL) as the commercial arm of the space agency to work closely with private companies and startups.
In November last year, ISRO successfully launched the Vikram-S after much anticipation in a boost to the private sector. The Vikram-S, developed by four-year-old startup Skyroot Aerospace, is a single-stage, spin-stabilized solid-propellant rocket with a mass of around 550 kilograms. It carries three customer payloads, including one from a customer outside India.
The South Asian nation has 111 space startups registered on the In-SPACe platform, per an official response shared in the upper house of the country's parliament in December.
While startups such as GIC-backed Skyroot Aerospace and Agnikul are into developing launch vehicles, Blume Ventures and Lightspeed Partners-backed Pixxel and ANIC-ARISE and Kalaari Capital-invested Digantara are building satellites.
Indian space startups raised over $245.35 million, with $108.52 million infused in 2022 alone, according to the data shared by the Indian Space Association (ISpA) with TechCrunch.
Microsoft has made scores of announcements in India this week as chief executive Satya Nadella visits the South Asian market. The company said earlier this week that HDFC Bank and Yes Bank have signed up to use Azure and other Microsoft cloud services.
GENEVA (Reuters) -China's COVID-19 data is not giving an accurate picture of the situation there and underrepresents the number of hospitalisations and deaths from the disease, a senior official at the World Health Organization said on Wednesday. On Tuesday, China's top scientists presented data to a WHO technical advisory group showing no new coronavirus variant had been found in the country of 1.4 billion people. That might ease some concerns about the outbreak since Beijing abruptly reversed its "zero COVID" policy last month.
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BEIJING (Reuters) -Data from China shows that no new coronavirus variant has been found there, but also that the country under-represents how many people have died in a rapidly spreading COVID-19 outbreak, World Health Organization (WHO) officials said on Wednesday. Global unease has grown about the accuracy of China's reporting of an outbreak that has filled hospitals and overwhelmed some funeral homes since Beijing abruptly reversed its "zero COVID" policy. China has been reporting daily COVID deaths in single figures.
Thousands of people had been protesting against being evicted from their homes in Uttarakhand state.
India's economy is expected to grow 5.5% in the next financial year, a notch below the expected potential rate of 6%, as growth momentum in the country was slowing gradually, an economist at HSBC said on Thursday. The Indian economy grew 8.7% in year ended March 2022, and is expected to grow by 6.8% in the current financial year. A Reserve Bank of India survey of professional forecasters released in December had pegged growth at 6% in 2023/24.
Trump calls for all Republicans to back McCarthy for Speaker
A group representing internet service providers across Europe said on Tuesday that a proposal to make Big Tech companies pay towards telecom operators' network costs could create systemic weakness in critical infrastructure. Telecom operators have been pushing the European Union to implement new laws that would see U.S. tech firms like Alphabet’s Google, Meta’s Facebook, and Netflix bear some of the costs of Europe's telecoms network, arguing that they drive much of the region’s internet traffic.
The 2023 January transfer window is underway. Lets look at the latest marquee signings across Europe as they materialize.
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